EUR/JPY bearish sentiment today

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 59% 63% -6.78%
Shorts 41% 37% 9.76%
Indicator 4H 1D 1W
MACD (12; 26; 9) 0 0 0
RSI (14) 4H 1D 1W
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The common European currency has continued to trade sideways against the Japanese Yen for the second consecutive trading session. The 200-hour simple moving average provided support for the currency pair at 124.50 during Thursday's trading session.

Everything being equal, it is likely that the euros will gain strength against the Yen today.

However, if the 200-hour SMA fails to hold, the EUR/JPY currency exchange rate will aim at a support cluster formed by the combination of the weekly and the monthly PPs at 123.12 during the following trading session.

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